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Author Question: Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ... (Read 114 times)

plus1

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on: Jun 29, 2018
Since 1970, the world Gini ratio has ________ indicating that the world distribution of income has ________.
 
  A) risen; become more equal
  B) fallen; become more equal
  C) risen; become less equal
  D) not changed; not changed

Question 2

In the above figure, for a single-price monopolist producing at its profit-maximizing equilibrium price and quantity, the price elasticity of demand at this equilibrium will be
 
  A) greater than 1 and the monopolist's total revenue is maximized.
  B) less than 1 and the monopolist's economic profit could be larger.
  C) equal to 1 and the monopolist's total revenue is maximized.
  D) greater than 1 and the economic profit is maximized but the total revenue is not.


brittanywood

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


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